Azerbaijan Stock Turnover Ratio
Stocks traded, turnover ratio of domestic shares CM.MKT.TRNR
Azerbaijan's stock turnover ratio was -0.07% in 2025, ranked 74th globally. This represents a 115.7% decrease from 2024. Data from World Bank, covering 2019–2025.
Overview
Azerbaijan's stock turnover ratio stood at -0.07% in 2025, a decline of +0.51pp from 2024. Based on recent trends, this figure is projected to reach -0.07% by 2025. Azerbaijan ranked 74th globally.
Azerbaijan’s stock turnover ratio has deteriorated sharply over the seven‑year span covered by the World Bank data, falling from a modest 0.09 % in 2019 to a negative –0.07 % in 2025, which places the country 74th in the global ranking. The indicator peaked at 1.23 % in 2020, a brief surge that coincided with heightened market activity during the post‑pandemic recovery, before sliding into its all‑time trough of –0.07 % in the most recent year. Compared with peers of similar rank, Azerbaijan’s ratio is slightly above Belarus (‑0.14 %) but below Luxembourg (0.08 %) and Uzbekistan (0.09 %). The persistent decline suggests weakening liquidity and reduced trading velocity in the Azerbaijani equity market. Future improvements will likely depend on reforms that enhance market transparency, attract foreign investors and stimulate domestic participation, which could reverse the downward trajectory.
Data & projection
| Year | Stock Turnover Ratio | YoY change | Rank |
|---|---|---|---|
| 2027* trend | -0.44% | - | - |
| 2026* trend | -0.26% | - | - |
| 2025* trend | -0.07% | - | - |
| 2025 | -0.07% | −0.51pp | #74 |
| 2024 | 0.44% | +0.26pp | #7 |
| 2023 | 0.18% | +0.02pp | #3 |
| 2022 | 0.16% | −0.30pp | #2 |
| 2021 | 0.46% | −0.77pp | #7 |
| 2020 | 1.23% | +1.14pp | #14 |
| 2019 | 0.09% | – | #2 |
Detected Pattern
Analysis
Azerbaijan matched the Fiscal Dominance Trap pattern in 2022. Historically, 72% of countries showing this pattern (278 out of 386) saw stock turnover ratio improve within 24 months. View full analysis →
Frequently Asked Questions
Azerbaijan's stock turnover ratio was -0.07% in 2025. Ranked 74th globally. This represents a 115.7% decrease from the previous year.
Azerbaijan's stock turnover ratio peaked at 1.23% in 2020.
The lowest stock turnover ratio in Azerbaijan was -0.07% in 2025.
Azerbaijan ranks 74th globally in stock turnover ratio as of 2025.
The World Bank indicator code is CM.MKT.TRNR. Data sourced from World Bank.
Azerbaijan's stock turnover ratio is projected to reach -0.07% by 2025 based on trend extrapolation.
The stock turnover ratio of Azerbaijan in 2025 was -0.07%. This ranks 74th in the world.
Cite this page
@misc{historysaid_azerbaijan_stock-turnover,
title = {Azerbaijan Stock Turnover Ratio},
url = {https://historysaid.com/azerbaijan/stock-turnover/},
publisher = {HistorySaid},
year = {2026}
}